Universal Display (OLED)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 54 | 54 | 1,023 | 192 | — |
| Total assets | US$ in thousands | 1,668,960 | 1,532,820 | 1,466,920 | 1,269,230 | 1,120,160 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $54K ÷ $1,668,960K
= 0.00
The debt-to-assets ratio of Universal Display Corp. has been consistently 0.00 for the past five years ending December 31 of each respective year (2023, 2022, 2021, 2020, and 2019). This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are fully financed by equity, signaling a low level of financial risk as there is no leverage present. Universal Display Corp.'s strong financial position with no debt obligations suggests financial stability and may indicate that the company has been able to fund its operations and investments through its retained earnings or equity financing. This could be viewed positively by investors and creditors as it implies lower financial risk and a strong balance sheet.
Peer comparison
Dec 31, 2023